SOLD
Sold on 13 Mar 2024 for $1,104,606

26 Oates Parade
Northgate QLD 4013

Bedrooms: 5
Bathrooms: 3
Car spaces: 6
Floor area: 93m2
Land area: 700m2
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Property Details for 26 Oates Pde, Northgate

26 Oates Pde, Northgate is a 5 bedroom, 3 bathroom House with 6 parking spaces and was built in 1950. The property has a land size of 700m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 5 bedroom House sold in Northgate in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
93m2
Land Size
700m2
Local Government
Brisbane
Lot/Plan
1/RP65310

Last Listing description (April 2024)

Introducing an exceptional chance to invest or develop in the thriving community of Northgate! We are thrilled to present two strategically positioned blocks totalling 1,183sqm offering an incredible investment and / or future development opportunity.

Nestled in the heart of Northgate, these two blocks enjoy a prime location with easy access to key amenities, public transport, schools, and recreational facilities. These blocks offer scope to either retain as a rental investment or explore the potential for development.

Northgate is experiencing steady growth, making it an attractive investment opportunity. The demand for well-located properties in this area is on the rise, ensuring a promising return on investment. Benefit from the existing infrastructure and excellent connectivity that Northgate provides. Proximity to major roads, public transportation hubs, schools, parks, dining, shopping (Nundah Village and Westfield Chermside) and essential services ensures convenience for residents and potential customers.

Each block offers a post war home, currently arranged as 2 separate rental units. The breakdown of these units and rental income is as follows:

24 Oates Parade (483sqm block / circa $800/wk total rental)
Unit 1: 2 bed /1 bath / 1 car (shared carport)
Unit 2: 2 bed / 1 bath / 1 car (shared carport)

26 Oates Parade (700sqm block / circa $900/wk total rent)
Unit A: 26A: 2 bed / 1 bath / 2 car (double carport)
Unit B: 3 bed / 2 bath / 2 car (double carport)

Whether you're a seasoned investor looking to add valuable assets to your portfolio or a visionary developer ready to make a mark on Northgate, these two well-positioned blocks must be considered. Contact us at your earliest convenience to discuss further.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

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Property History for 26 Oates Pde, Northgate, QLD 4013

A timeline of how this property has performed in the market
Last Sold
$1,104,606
13 Mar 2024
Listed for Rent
$380/w
28 Oct 2020
  • 13 Mar 2024
    Sold for $1,104,606
  • 02 Feb 2024
    Listed for Sale For Sale
  • 18 Apr 2023
    Listed for Rent $450 / week
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About Northgate 4013

The size of Northgate is approximately 3.3 square kilometres. It has 12 parks covering nearly 13.1% of total area. The population of Northgate in 2011 was 4,304 people. By 2016 the population was 4,553 showing a population growth of 5.8% in the area during that time. The predominant age group in Northgate is 20-29 years. Households in Northgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Northgate work in a professional occupation. In 2011, 54.6% of the homes in Northgate were owner-occupied compared with 52.7% in 2016.

Northgate has 2,759 properties. Over the last 5 years, Houses in Northgate have seen a 75.81% increase in median value, while Units have seen a 77.43% increase. As at 30 September 2024:

  • The median value for Houses in Northgate is $1,177,318 while the median value for Units is $640,827.
  • Houses have a median rent of $643 while Units have a median rent of $530.
There are currently 20 properties listed for sale, and 9 properties listed for rent in Northgate on OnTheHouse. According to CoreLogic's data, 136 properties were sold in the past 12 months in Northgate.

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